- Since inception of the Phase II Atlanta drill program in
June 2022 Nevada King has completed 391 holes totaling 76,249m, which includes 371 reverse-circulation ("RC") holes totaling 72,743m and 20 core holes totaling 3,506m. Prior to initiating the Phase II program the Company completed 68 holes totaling 5,544m in it's maiden Phase I program.
- To date, as part of its Phase II program, Nevada King has reported assays from 254 holes covering 46,201m with results from 137 drill holes totaling 30,048m currently pending.
- Three RC rigs continue to operate at
Atlanta . The core rig that began operating inOctober 2023 successfully completed six holes (1,258m) needed for ongoing metallurgical testwork plus confirmation of RC drill results.
- A major objective of current drilling involves following up on elevated high-grade (>20 g/t Au) intercepts scattered throughout the deposit in order to further define the spatial distribution of this exceptionally high-grade mineralization for potential inclusion as discreet domains within a future resource model.
- Drilling is also ongoing in the North Extension Target to follow up on the high-grade oxide results released
January 17, 2024 from an area 600m north of theAtlanta pit and well outside of the footprint of the existing resource, as well as at the southern end of theAtlanta resource zone following the blind discovery of thick, high-grade gold mineralization including 1.89 g/t Au over 114.3m and 2.15 g/t Au over 96.0m released onOctober 17, 2023 .
All RC samples from the
The scientific and technical information in this news release has been reviewed and approved by
Nevada King is the third largest mineral claim holder in the
Resource Category | Tonnes (000s) | Au (ppm) | Contained Au | (ppm) | Contained Ag |
Measured | 4,130 | 1.51 | 200,000 | 14.0 | 1,860,000 |
Indicated | 6,910 | 1.17 | 260,000 | 10.6 | 2,360,000 |
Measured + Indicated | 11,000 | 1.30 | 460,000 | 11.9 | 4,220,000 |
Inferred | 5,310 | 0.83 | 142,000 | 7.3 | 1,240,000 |
Table 1. NI 43-101 Mineral Resources at the | |||||
Please see the Company's website at www.nevadaking.ca.
Neither the
This news release contains certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable securities legislation. All statements, other than statements of historical fact, included herein, without limitation, statements relating the future operations and activities of Nevada King, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. Forward-looking statements in this news release relate to, among other things, the Company's exploration plans and the Company's ability to potentially expand mineral resources and the impact thereon. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by Nevada King, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation, the ability to complete proposed exploration work, the results of exploration, continued availability of capital, and changes in general economic, market and business conditions. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these items. Nevada King does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by applicable securities laws.
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